Crypto Craze: Why Is Everyone Suddenly Obsessing Over SUI?

by

So, imagine Solana had a cheeky little sibling called SUI — the native token of the Sui blockchain — and suddenly it decides to throw a 72% party in just one week 🥳. That’s not your average crypto hop; that’s more like a pogo stick on a trampoline. Lookonchain, aka the blockchain equivalent of Sherlock Holmes, sniffed out three juicy reasons why this is happening.

Oh, and just to spice things up, whispers are swirling that Pokémon HOME might be sliding into Sui’s DMs for a collab. Pikachu, but make it crypto? ⚡️

Total Value Locked Surge on Sui

One major reason SUI’s price has been flexing is the TVL—fancy shorthand for Total Value Locked—which shot up 41%, now lounging at a cool $1.73 billion according to Defillama. Translation: more folks and devs are putting their money where their blockchain mouth is, betting this network can be the next big thing.

DEX Trading Volume is Booming

If TVL is the cool kid at the party, then trading volume on Sui-based decentralized exchanges (DEXs) is definitely the dance floor everyone’s crowding. In just one week, the volume twirled up by 170%, hitting $599 million in a single day. Apparently, everyone’s rushing to buy, sell, or maybe just show off their crypto moves — which usually means prices get a booster shot.

Growing Stablecoins Growth on the Network

And because stability is apparently a mood, stablecoins on Sui have been growing faster than your inbox after a sale alert. In two months, the stablecoin stash skyrocketed 82%, from $482 million to $879 million. So yeah, users aren’t just playing hot potato with tokens; they’re seriously hoarding and trusting the system. Cute.

Is Sui and Pokémon Home Collaborating? 

But wait, if you thought numbers were the only drama, hold onto your Pokéballs! Rumors are poking around that SUI might have teamed up with Pokémon. Parasol, a Web3 company now under Sui’s wing, popped up in Pokémon HOME’s privacy policy — a move that sent fans into full detective mode 🕵️‍♂️.

Then, the Sui Foundation teased a blog about Parasol working on NFT-based card games, with some eagle-eyed users saying the name “Pokémon” made a cameo before ghosting out. No official word yet, but hey, rumors have a sneaky way of giving prices a leg up.

As of now, the SUI token is riding high — up 23%, chilling around $3.64, and rocking a market cap of $11.83 billion in the last day. Those numbers are basically the blockchain’s version of bringing a giraffe to a dog party – unexpected and wildly charming.

Read More

2025-04-25 14:22